2020-08-31-accounts - Southampton Methodist District

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Chair's PA and District	Chair's PA and District		Miss Sarah Pothecary
Administrator
Bankers			CAF Bank Ltd 25 Kings	Hill Avenue,		Kings Hill, West Mailing
			ME194JQ
			Central Finance Board	ofthe Methodist			Church 9	Bonhill Street
			London EC2A4PE
Investment	managers	and	Trustees for Methodist	Church Purposes, Central				Buildings,
custodian trustees			Oldham Street, Manchester		M1 1JQ
Independent	Examiner		Mrs Claire Connell ACA, 86Silverdale				Road, Earley, Reading
			RG8 7LT
The Trustees'	Report and Financial		Statements were approved		by the District Policy			Committee	on 6 March
2021.

			GenerslFund (Unrestricted)	Districl Advance Fund	Designated Funds (Unrestricted)	Restricted Funds	Total 2019-28	Total 2018-19
				8
Income and Endowments
Donations and legacies					38,876		38,876	38,253
income from investmenls			1,902	3,566		2,643	8,111	10,079
Chariiable activities
Assessmenis on circuits			130,000				130,000	130,008
Circuit Model Trust Funds				155,439			155,439	180,145
Connaxicnal Advance & Pmperly Fund				18,311			18,311
Total income from chargaMs	activities		131,902	ITTStg	38,87$	2543	350,737	358,485
Giber income		3	11,880		2,833		14,713	15,874
Total Income and endowments			143782	177316	41709	2,643	365,450	374,359
Expenditure
Expenditure on activities
Grants and donafrons			3,200	144.600	6.661		154,461	98,306
Salaries end associated costs			127,192		41,591		168,783	166,767
Properly costs		7	6,646		15,799		22,445	21,464
Ceicel Adminislrsfive expenses		8	4,063	771		294	5,128	6,210
Synods, Commifiees and Conferences		9	10,646		12,624		23,270	32,111
Giber outgoings		10	1,246			175	1,421	1,919
Total charitable expenditure			152993	145371	78675	469	375508	326 777
Net incomel(expendhure) before investment
gains/ losses			4)SII	31,945	-34,966	2,174	-10,058	47,582
Reducfions in value ofinvestment assets		11	1,092			2,184	3,276	2,274
Net incomingl(outgoing resources before transfers			-10,303	31,945	-34,966	-10	-13,334	45,308
Transfers between funds		12	I7,350	-37,500	37,500	-17,350
Net income/expenditure for the year			7,047	S,555	2,534	-17,360	-13,334	49,856
Gains on the revaluation offixed assels		13			170,000		170,000
Total funds brought forward			94847	60815	591602	150317	897581	847 725
Total funds carried forward			101,894	55260	764.136	132.957	\ 054247	$97581

			gslsnc	e ghee 1es al31	e ghee 1es al31	A	ugust 2020
			Gsrmrh Fuml	District Advance			Designated	Other Funds	Tetal	Telsl
		note	(Unrestrtcmd)		Fund		Funds	Igesthctooi	2020	2019
				(Unresthcted)		(Unresthctec)
Tangible Fixed Assets
Dolrcl Msnce									700,069
IrlY8slrlleris								121,603	182„472	irdnyer
Tolal fixed assets								121.650	88'2,472	715,748
Cumml Assets
08mors mrd Preimrrmrlls		14					7,490		7,490
lnvextmcA!s nial TMcp					370,4tO			7.720		.IQS:188
Centra) Fmanca Board deposts			28.206						90,105
Cash at Bank and Inhand			15,018						18,810
Totsfcrrrlwlto8sefs					370,410		65502	11,397		M1,740
Cltlrmlt yrebgitiss
Credlllns end AccAIsls (dve irl under I year)		17							4.619	4965
Grants payable in 2020-21					210,650				210,650	23I 600
Total cunent liabaities			2,953		210,650				215209	236,565
Net clrnent (liabilities) lossets			41,072		105,760		64.136	11,307	2S2275	2?5,183
Total assets Mss cunsnt	flabtgthm		(01.094		165.700		704,136	132,957	OA64,747	990,931
Long term liabilities
Grants payable fmm 2021.22					1(0.500				110,5WI
Mef assets			10(484		55,2($704,136			132,957	1,054,247	897,581
Funds ofthe District
Genwal Fund (unrestictee)		24	101,894						101,094
Distrkd Advance Fuml (Unrestricted } Designated Funds (unreslrnledj		24 24			55,260		764.'36			60515 591,002
Total UAlsstActed fuAds			101,094		55,260		Tec,(30		921,290	747.264
I(osIAct8d FImds								132,957	132,957
Brrdoulnsn'! FUAds
TotoIFunds							704,138

Unrestricted Funds
Umsstrlcted Fund Name		Opening	Income	Expenditure	Investment	Transfers	Closing
		Balance			reductions		Balances
					snd
					mvaluation
General Fund		94,847	143,782	152,993	1,092	17,350	101,894
District Development	Fund	61,867	2,833	19,284		18,000	63,416
District Advance Fund		60,815	177,316	145,371		-37,500
Portsmouth Chaplaincy		-265	38,876	57,391		19,500	720
Property Reserve		530,000			170,000		700,000
	Totals	747,264	362,807	375,039	171,092	17,350	921,290
Restricted Funds
Restricted Fund Name		Opening	Income	Expenditure	Investment	Transfers 8	Closing
		Balance			reductions	accruala	Balance
Benevolent Fund		2,631					2,631
District (MIH) Fund		146,554	2,643		2,184	17,350	129,369
Churches Together Hampshire		1,132		175			957
and the Islands
	Totals	150,317	2,643	469	2,184	17,350	132,957

Nate 26:Slate ment ofFinanci	al ActivitN	s for the year e	nded 31August	2019for compa	rative purpos	rative purpos	es
		General Fund (Unrestricted)	Obtrict Advance Fund IUnrsstrictsdi	Oesignated Funds (Unmstrlcted)	Restnctad Furras		Total 2OIILIS	Total 2017-18
			5	F.
Ineame and Endowments
Donations and legacies				38,253			38,253	36,962
Income fram investments		2,422	3,686			3,971	10,079	8,576
Charitable activities							0	0
Assessmenls on circuils		I30,008					130,008	119,988
Circuit Model Trust Funds			180,145				180,145	143,623
Connexional Advance 8 Property Fund							0	74,71I
Total incame fram charitable	acUvhles	I32A30	183/I31	38,253		3,971	358r485	383,860
Other income		10464		5,410			15,874	12,870
Tolal income and endowments		142 94	13, I	43,		3,971	374,359	390,730
Expenditum
Expenditum on activities
Grants and donations		3,320	86,590	8,396			98,306	190,152
Salaries and associated costs		125,277		41,490			166,767	160,245
Property msb		4,629		16,835			21,464	29,412
Ofiice/Administrsfive expenses		5,113	TBT			330	6,210	4,813
Synods, Committees and Conferences		12,552		19,559			32,111	30,884
Other outgoings		1,568				350	1,919	2,813
Total charitable expenditure		152 60	87 57	86280		680	326777	418319
Net ineame/(expenditure) before
imesbnent gains/ losses		4466	96,474	42,817		3,291	47,582	-21,589
Ga/ns on investment assets		T56				1,516	2,274	7,478
Net incoming/(outgoing resources before transfers		4,805	96,474	-42,617		4,807	45,308	-14,111
Tranels ra between funds		23,640	-37,500	37,500	-23,640
Net income/expenditure for the year		14,832	BBS74	4,117	-18/133		49,856	-14,111
Gains/(Losses) on revaluation	offixed
asssis
Total funds broughtforward Tatal funds carried forward		80,015 942)47	1,841 60815	596,719 591602	169,150 5 7		847,725 8 7581	861,836 8477 5